Gujarat: Only 4 per cent growth, Alang shipbreaking business continues to languish

Ahmedabad | Thursday | 20th April, 2017

Summary:

Express fileThe shipbreaking industry at Alang clocked a feeble 4 per cent growth in 2016-17, despite a new ship recycling policy introduced by the Gujarat government in January last year. Express file In the last fiscal, 259 ships beached on the shores of Alang were to be broken and recycled. In the last fiscal, 259 ships beached on the shores of Alang were to be broken and recycled. Competition from neighbouring Pakistan and Bangladesh also continued to affect business at one of the world’s prominent ship recycling yards in Gulf of Khambhat. However, business is no where near the record highs of 2011-12 when 415 ships had beached at Alang..